Total consumer credit in the US increased by $1.56 billion in December of 2023, following a $23.7 billion gain in a month earlier and missing market expectation of a $16 billion growth. Revolving credit, like credit cards, went up by $1.04 billion (up 1 percent on an annual basis). Non Revolving credit, typically auto and student loans, rose by $0.5 billion (up 0.2 percent on an annual basis) from the prior month. On a quarterly basis, consumer credit increased at a seasonally adjusted annual rate of 2.6 percent. source: Federal Reserve

Consumer Credit in the United States decreased to 1.56 USD Billion in December from 23.48 USD Billion in November of 2023. Consumer Credit in the United States averaged 5.16 USD Billion from 1943 until 2023, reaching an all time high of 147.46 USD Billion in June of 2021 and a record low of -112.52 USD Billion in December of 2015. This page provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Credit Change - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.

Consumer Credit in the United States decreased to 1.56 USD Billion in December from 23.48 USD Billion in November of 2023. Consumer Credit in the United States is expected to be 20.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Consumer Credit Change


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-08 08:00 PM
Consumer Credit Change
Nov $23.75B $5.13B $9B $11B
2024-02-07 08:00 PM
Consumer Credit Change
Dec $1.56B $23.75B $16B $16.2B
2024-03-07 08:00 PM
Consumer Credit Change
Jan $1.56B $10B $8B


Related Last Previous Unit Reference
Consumer Confidence 76.90 79.00 points Feb 2024
Retail Sales MoM -0.80 0.40 percent Jan 2024
Retail Sales Ex Autos -0.60 0.40 percent Jan 2024
Retail Sales YoY 0.65 5.31 percent Jan 2024
Consumer Spending 15574.90 15461.40 USD Billion Dec 2023
Disposable Personal Income 20656.72 20589.16 USD Billion Jan 2024
Personal Spending 0.20 0.70 percent Jan 2024
Personal Income 1.00 0.30 percent Jan 2024
Personal Savings 3.80 3.70 percent Jan 2024
Private Sector Credit 12272.44 12248.00 USD Billion Jan 2024
Consumer Credit 1.56 23.48 USD Billion Dec 2023
Bank Lending Rate 8.50 8.50 percent Jan 2024
Economic Optimism Index 44.00 44.70 points Feb 2024
Redbook Index 2.70 3.00 percent Feb 2024
Michigan Current Economic Conditions 79.40 81.90 points Feb 2024
Michigan Consumer Expectations 75.20 77.10 points Feb 2024
Used Car Prices YoY -9.20 -7.00 percent Jan 2024
Retail Sales Ex Gas and Autos MoM -0.50 0.60 percent Jan 2024
Used Car Prices MoM 0.00 -0.50 percent Jan 2024
Debt Balance Total 17.50 17.29 USD Trillion Dec 2023
Debt Balance Student Loans 1.60 1.60 Trillion USD Dec 2023
Debt Balance Mortgages 12.25 12.14 Trillion USD Dec 2023
Debt Balance Credit Cards 1.13 1.08 Trillion USD Dec 2023
Debt Balance Auto Loans 1.61 1.60 Trillion USD Dec 2023
Credit Card Accounts 594.75 589.63 Million Dec 2023
Gasoline Prices 0.85 0.81 USD/Liter Feb 2024
Chain Store Sales 4754.00 3102.00 USD Million Dec 2023
Households Debt to GDP 73.70 74.10 percent of GDP Jun 2023
Consumer Confidence Price Trends 2.70 2.60 Jul 2017
Consumer Confidence Current Conditions 113.20 112.50 Jul 2017

United States Consumer Credit Change
In the United States, Consumer Credit refers to outstanding credit flows extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate.
Actual Previous Highest Lowest Dates Unit Frequency
1.56 23.48 147.46 -112.52 1943 - 2023 USD Billion Monthly
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News Stream
US Consumer Credit Growth Below Estimates in December
Total consumer credit in the US increased by $1.56 billion in December of 2023, following a $23.7 billion gain in a month earlier and missing market expectation of a $16 billion growth. Revolving credit, like credit cards, went up by $1.04 billion (up 1 percent on an annual basis). Non Revolving credit, typically auto and student loans, rose by $0.5 billion (up 0.2 percent on an annual basis) from the prior month. On a quarterly basis, consumer credit increased at a seasonally adjusted annual rate of 2.6 percent.
2024-02-07
US Consumer Credit Growth Surpasses Estimates in November
Total consumer credit in the US rose by $23.7 billion in November of 2023, from a $5.7billion increase in the previous month and way above market expectation of a $9 billion growth. Revolving credit, like credit cards, jumped by $19.1 billion (up 17.7 percent on an annual basis). Non Revolving credit, typically auto and student loans, rose by $4.6 billion (up 1.5 percent on an annual basis) from the prior month.
2024-01-08
US Consumer Credit Growth Misses Estimates in October
Total consumer credit in the US increased by $5.13 billion in October of 2023, from a $9.06 billion rise in the previous month and missing market estimates of a $9 billion growth. Revolving credit, like credit cards, went up by $2.88 billion (up 2.7 percent on an annual basis). Non Revolving credit, typically auto and student loans, rose by $2.25 billion (up 0.7 percent on an annual basis) from the prior month.
2023-12-07